HIGHLAND, Ill., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Turnstone Development, a nonprofit developer of affordable housing based in Illinois, and North Arrow Development, a full-service real estate developer, have partnered with WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, in closing a deal to begin construction on Flax Meadow Townhomes II in Highland, IL, just 35 miles east of St. Louis, MO. Completion of the first two townhomes is expected in May 2025.
The development, to be built on former farmland at 237-257 Flax Drive in Highland, will be the second phase of the existing Flax Meadow Townhomes. The 32 units will consist of seven single-story accessible units and 25 two-story units. Overall, the project has four one-bedroom, 12 two-bedroom, and 16 three-bedroom units. Five of the units will be reserved for formerly homeless or disabled households that come from the State of Illinois Referral Network, 10 of the units will be reserved for families making 30% of area median income (AMI), and 22 units are designated for families making ...
